Austria (AUT) and Oman (OMN) Trade | The Observatory of Economic Complexity

About

Austria-Oman Trade: In 2022, Austria exported $37.4M to Oman. The main products that Austria exported to Oman were Cars ($5.06M), Special purpose motor vehicles ($4.68M), and Valves ($2.31M). Over the past 5 years the exports of Austria to Oman have decreased at an annualized rate of 16.5%, from $92.1M in 2017 to $37.4M in 2022.

In 2022, Austria did not export any services to Oman.

Oman-Austria Trade: In 2022, Oman exported $1.21M to Austria. The main products that Oman exported to Austria were Raw Aluminium ($220k), Nitrogenous Fertilizers ($215k), and Cars ($146k). Over the past 5 years the exports of Oman to Austria have decreased at an annualized rate of 3.66%, from $1.51M in 2017 to $1.21M in 2022.

In 2022, Oman did not export any services to Austria.

Comparison: In 2022, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B). That same year, Oman ranked 75 in the Economic Complexity Index (ECI -0.19), and 50 in total exports ($76.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Austria exported $37.4M to Oman. The main products exported from Austria to Oman were Cars ($5.06M), Special purpose motor vehicles ($4.68M), and Valves ($2.31M). During the last 5 years the exports of Austria to Oman have decreased at an annualized rate of 16.5%, from $92.1M in 2017 to $37.4M in 2022.

In 2017, Oman exported $1.21M to Austria. The main products exported from Oman to Austria were Raw Aluminium ($220k), Nitrogenous Fertilizers ($215k), and Cars ($146k). During the last 5 years the exports of Oman to Austria have decreased at an annualized rate of 3.66%, from $1.51M in 2022 to $1.21M in 2017.

Exports from Austria () to Oman () (2022)

Exports from Oman () to Austria () (2022)

Latest Data

Trade between Austria () and Oman ()

Austria Exports

Date

Oman Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Austria
Top DestinationGermany$57.7B

Oman
Top DestinationChina$30.4B

This map shows whether countries import more from Austria or Oman. Each country is colored based on the difference in imports they receive from Austria and Oman or the difference in the growth in imports.

In 2022, countries that imported more from Austria than Oman included Germany ($57.7B), Italy ($13.6B), and United States ($14.4B).

In 2022, countries that imported more from Oman than Austria included China ($30.4B), India ($8.15B), and South Korea ($4.64B).

Difference in imports from Oman () and Austria () (2022)

Comparative Advantage Austria - Oman

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Austria and Oman by product, considering products traded by both, Austria and Oman.

During 2022, Austria had a large net trade with Oman in the exports of Machines ($10.6M), Transportation ($10.1M), and Chemical Products ($3.39M).

During 2017, Oman had a large net trade with Austria in the exports of Chemical Products ($335k), Metals ($303k), and Machines ($251k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Austria Oman+$8.21MCars

Top Product Potential Oman Austria+$787kNitrogenous Fertilizers

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Austria and Oman. This means that a dot/product with the flag of Austria indicates it has a comparative advantage over Oman. Similarly, a dot/product with the flag of Oman indicates it has a comparative advantage over Austria.

About

Historical Data

Bilateral Trade by Products

Exports from Austria () to Oman () (2022)

Exports from Oman () to Austria () (2022)

Latest Data

Trade between Austria () and Oman ()

Austria Exports

Oman Exports

Market Competitiveness

Difference in imports from Oman () and Austria () (2022)

Comparative Advantage Austria - Oman

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

Product Space of Austria () and Oman () (2022)

Keep Exploring